this post was submitted on 25 May 2024
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It's relatively easy to squeeze a profit boost by sacrificing long term vision.... Last quarter will mean nothing if Google is knocked from its pedestal in a year or two (which is what the current trend looks to be pointing to)
Yeah I want evidence for this. Please show me something that is even approaching the power of AdSense. Then do it for everything else they own. YouTube, Google maps, gmail, Android, the play store, etc.
It's this weird thing I see on lemmy "well I stopped using a product therefore it is dead". News flash: Big Bang Theory ran for 12 seasons and Meta has a capitalization over half the countries of earth GDP.
Problems don't go away because you have decided to ignore them.
What you are stating is nowhere near the point I was trying to make.
We have seen a million times how a company can be destroyed for short term gains.... Most recent public example is red lobster
I have no clue if this is what's going to happen to google... But my point was that have a good last quarter (the one associated with the new head of Search) is not an indication that his strategies will pan out ... In fact, everything he touched before went the same way, short term profit, long term demise
Ok fine fair.
To be brutally honest, many times I see Reddit / Lemmy proclaim, "Product X is dead because it did Y" - these claims are usually followed by surges in revenue / stock performance by said company and soon no one really talks much about it. Example - Netflix Password crackdown.
Seriously, most of the internet still uses that ban happy nonsense that is Reddit. I hate being referred then when I have problems, m,y account was perma-suspended over bullshit!
FWIW they are cannibalizing ads right now with AI summaries, since people will navigate less to websites (in the world where they are useful, which they don’t seem to be at the moment).